Funding arb · Price arb /

BNB

all BNB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0133%/8h= +14.6% APRpaid last 24h +0.029%

Price spread now: Kalshi against StandX−0.038%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on StandX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 7 days−0.048%−$5 · spread now −0.038%, 7d avg −0.062%

Together, before fees−0.002%+ Points / potential airdropStandX: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kalshi is 0.024% dearer against StandX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BNB-USD	787.20	0	get 0.0000% / 1h	52m 18s	$849K	$2.9M	30x
Short	Kalshi KXBNBPERP	786.90	0.0133	get 0.0133% / 8h	5h 52m	$169K	$2.7M	4.8x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against StandX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee StandXbpFee KalshibpOrdersPrice spread, now −0.038%Rate

Funding earned: $28.03
Price spread: −0.038% → −0.062%: $2.43
Slippage, 4 orders: −$20.78
Fee StandX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$8.32
Costs to cover: 0.388%
Break-even: 9.1 days

Slippage from StandX: live order book, 2 min ago; Kalshi: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy StandX live order book, 2 min ago	4.89 bp	9.3 bp −$9	12.7 bp −$127	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	2.54 bp	7.5 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit

BNB on 46 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX BNB/USD [WBTC.b-USDC]	L −0.0170% / S +0.0337%	1h	786.16	−0.133%	$43K	—	200x	as long as short
Hotstuff BNB-PERP	−0.0080%	1h	786.92	−0.036%	$4K	$42	25x	as long as short
StandX BNB-USDlong	0.0000%	1h	787.20	long leg	$849K	$2.9M	30x
gTrade (Gains Network) BNB/USD	L +0.0007% / S −0.0007%	1h	786.21	−0.126%	$9.5M	—	150x	as long as short
Injective BNB/USDC PERP	+0.0033%	1h	805.09	+2.273%	$19K	$789K	30x	as long as short
Aster BNBUSDT	+0.0046%	8h	786.85	−0.044%	$6.1M	$19.0M	200x	as long as short
BingX BNB-USDC	+0.0054%	8h	786.41	−0.100%	—	$13.4M	—	as long as short
dYdX BNB-USD	+0.0064%	1h	786.44	−0.096%	$159K	$62K	10x	as long as short
Binance BNBUSDT	+0.0067%	8h	786.78	−0.053%	$489.9M	$816.2M	75x	as long as short
MEXC BNB_USDT	+0.0067%	8h	787.10	−0.013%	$80.9M	$11.9M	200x	as long as short

Show all 46 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex BNBUSDT	+0.0073%	8h	786.85	−0.044%	$68.8M	$51.0M	50x	as long as short
Coinbase International BNB-PERP-INTX	+0.0080%	1h	788.38	+0.150%	$569K	$1.9M	50x	as long as short
Lighter BNB	+0.0096%	1h	786.44	−0.096%	$2.7M	$3.8M	20x	as long as short
Orderly PERP_BNB_USDC	+0.0100%	8h	786.29	−0.116%	$264K	$471K	50x	as long as short
Nado BNB-PERP	+0.0100%	1h	785.95	−0.159%	$1.4M	$2.7M	20x	as long as short
Pacifica BNB	+0.0100%	1h	786.56	−0.081%	$1.2M	$933K	20x	as long as short
Bybit BNBUSDT	+0.0100%	8h	786.24	−0.122%	$138.3M	$75.2M	75x	as long as short
OKX BNB-USDT-SWAP	+0.0100%	8h	786.10	−0.140%	$53.4M	$113.0M	50x	as long as short
Arcus BNB-USD	+0.0100%	1h	786.70	−0.064%	$52K	$129K	10x	as long as short
Gate BNB_USDT	+0.0100%	8h	786.25	−0.121%	$37.0M	$58.6M	75x	as long as short
KuCoin BNBUSDTM	+0.0100%	8h	786.00	−0.152%	$27.6M	$10.2M	75x	as long as short
Bitget BNBUSDT	+0.0100%	8h	785.96	−0.158%	$76.1M	$31.1M	75x	as long as short
Variational Omni BNB	+0.0100%	8h	786.71	−0.062%	$4.0M	$4.8M	—	as long as short
edgeX BNBUSDC	+0.0100%	4h	787.12	−0.010%	$4.1M	$75.8M	30x	as long as short
ApeX Omni BNBUSDT	+0.0100%	1h	787.16	−0.005%	$158K	$436K	50x	as long as short
Polymarket Perps BNB-USD	+0.0100%	1h	786.06	−0.145%	$131K	$949K	10x	as long as short
Derive BNB-PERP	+0.0100%	1h	786.43	−0.098%	$31K	$12K	10x	as long as short
SunX BNB-USDT	+0.0100%	8h	787.06	−0.018%	$12K	$1.5M	50x	as long as short
SoDEX BNB-USD	+0.0100%	1h	786.40	−0.102%	$387K	$986K	10x	as long as short
HTX BNB-USDT	+0.0100%	8h	786.64	−0.071%	$8.0M	$10.1M	75x	as long as short
Paradex BNB-USD-PERP	+0.0101%	8h	786.67	−0.067%	$76K	$17K	50x	as long as short
Extended BNB-USD	+0.0104%	1h	785.94	−0.160%	$1.8M	$6.2M	50x	as long as short
Aevo BNB-PERP	+0.0104%	1h	786.33	−0.111%	$378K	$110K	10x	as long as short
Hyperliquid BNB	+0.0132%	1h	786.91	−0.037%	$51.5M	$17.6M	10x	as long as short
Kalshi KXBNBPERPshort	+0.0133%	8h	786.90	−0.038%	$169K	$2.7M	4.8x
Phoenix BNB	+0.0135%	1h	787.80	+0.076%	$169K	$35K	10x	as long as short
BloFin BNB-USDT	+0.0187%	8h	787.12	−0.010%	$17.8M	$2.2M	75x	as long as short
Kraken Futures PF_BNBUSD	+0.0206%	1h	786.16	−0.132%	$2.5M	$1.2M	50x	as long as short
GRVT BNB_USDT_Perp	+0.0226%	8h	787.37	+0.021%	$2.9M	$29.6M	10x	as long as short
Backpack BNB_USDC_PERP	+0.0237%	1h	786.92	−0.036%	$2.2M	$6.1M	40x	as long as short
01 Exchange BNBUSD	+0.0272%	1h	786.86	−0.043%	$28K	$4K	10x	as long as short
Deribit BNB_USDC-PERPETUAL	+0.0300%	1h	786.64	−0.071%	$1.5M	$143K	25x	as long as short
Reya BNBRUSDPERP	+0.0322%	1h	786.01	−0.151%	$6K	$3K	40x	as long as short
Bulk BNB-USD	+0.0328%	1h	787.20	0.000%	$638K	$4K	10x	as long as short
RISEx BNB/USDC	+0.0438%	1h	786.65	−0.070%	$1.1M	$909K	20x	as long as short
Hibachi BNB/USDT-P	+0.0560%	1h	786.63	−0.073%	$67K	$39K	12x	as long as short